Directors & Officers Insurance
As the world moves into a hyper-informed era, the regulations regarding business operations also grow stringent. Cyber laws and privacy protection acts make the whole landscape much more complex. Considering the growing awareness about literally everything in the world, the risk of facing a lawsuit is at an all-time high.
Violet Insurance provides unparalleled expertise in the realm of D&O insurance, specifically designed to protect executives of public and private sector organizations. We have vast experience underwriting these specialized policies offering industry-leading protection to senior managers.
What does it cover?
The D&O policy is a comprehensive coverage plan shielding the executives, directors and senior officials of all listed companies against all types of defence costs and legal liabilities incurred from:
- Errors, omissions or wrongful acts on duty
- Misinformed statements made
- Professional Negligence or duty negligence
- Breach of privacy
- Breach of confidence
What you actually protect
As is often the case, senior executives, directors and officers are prosecuted based on a variety of claims, including but not limited to:
- Breach of duty leading to financial loss
- Misappropriation of business assets
- Fraudulent practices of fund utilization
- Violation of rules of the workplace
- Intellectual property theft
- Customer poaching from the competitors
- Bad governance results in losses
Who needs it?
As is often the case, senior executives, directors and officers are prosecuted based on a variety of claims, including but not limited to:
- Businesses with a corporate board/advisory committee
- Non-profit organizations
- Managerial and supervisory employees
- Employees as co-defendants
- Outside directors
- Spouse, estate, or legal representative of deceased directors
- Small businesses with little assets need just as much protection as large conglomerates
